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Fed Official Warns About U.S. Deficit

NEW YORK -- Federal Reserve Bank of Atlanta President Jack Guynn said Monday U.S. politicians need to do something about the long-term track of budget deficits.

"We are on an unsustainable path" with the current state of government finances and "we have trouble stopping and dealing with the imbalance we know is coming," Mr. Guynn said in comments following a speech on the economy to a group of bankers in Naples,...